Algosport to provide Intralot with bet builder products

Sports betting technology supplier Algosport has signed an agreement to provide bet builder products to industry giant Intralot.

Under the agreement, Intralot customers will gain access to Algosport’s bet builder products, initially for pre-match football. However this will be expanded to include in-play betting options across a variety of sports, with the ability to cash out supported as standard.

Algosport’s proprietary technology will be housed within Intralot’s current platform infrastructure, which the supplier said will increase accuracy and robustness while reducing latency and other problems seen with some API or feed-based solutions.

The supplier said that alongside traditional same-game multiples for sports such as football and basketball, it is also continually improving the service and recently added new products for handball and snooker betting markets.

In addition, Algosport offers bet builder products for esports titles such as Fifa 2020. Such products proved popular with operators throughout 2020, it said, as esports betting replaced some of the revenue lost through shutdowns of professional sport.

Leigh Heardman, chief executive of Algosport, said: “This is a really exciting deal for Algosport, and we are really pleased to be working with Intralot, who are one of the biggest names in betting and gaming.”

Algosport signed an agreement with EveryMatrix in October, to integrate its multis tech same-game multiples solution into EveryMatrix’s BetBuilder.”

“The signing of this deal, alongside the recently announced supplier agreement with EveryMatrix, makes for a really exciting time at Algosport and we look forward to providing Intralot clients around the world with our innovative products.”

“2020 has obviously been a particularly challenging year for the gambling industry, however we have big plans for Algosport in 2021 that will see the launch of exciting new products and services for our existing customers, as well as bringing aboard numerous new clients.”

In December, Intralot said it was hopeful of a Q4 recovery after difficulties caused by the novel coronavirus (Covid-19) pandemic saw revenue for the three months to 30 September decline 44.9% year-on-year at €97.8m (£88.9m/$118.6m).

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